RI S0370 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on February 25 2021 - 25% progression, died in committee
Action: 2021-02-25 - Introduced, referred to Senate Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 25 2021 - 25% progression, died in committee
Action: 2021-02-25 - Introduced, referred to Senate Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Creates a new income tax bracket of 6.99% on taxable income over five hundred thousand dollars. Any tax collected on this income deposited into restricted receipt account and expended on education for grades kindergarten through twelfth grade.
Title
Personal Income Tax
Sponsors
| Sen. Ryan Pearson [D] | Sen. James Seveney [D] | Sen. Sandra Cano [D] | Sen. Melissa Murray [D] |
| Sen. Louis Dipalma [D] | Sen. Stephen Archambault [D] | Sen. Bridget Valverde [D] | Sen. Alana DiMario [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-25 | Senate | Introduced, referred to Senate Finance |
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText21/SenateText21/S0370.pdf |
